Germany Is Only Behind The US In Ethereum Concentration
According to CV VC Labs’ 2022 German Blockchain research, Germany has one of the world’s largest networks of Ethereum validators.
The report said regional decentralization was extremely important for the total decentralization of a network. Furthermore, if only a few nations dominate validator nodes, the danger of filtering or manipulating transactions is too high.
Ethereum‘s objective is to become the world’s premier smart contract computer, which cannot be accomplished if validation is concentrated in the hands of a few people.
According to the research, which provides a structural picture of the country’s blockchain ecosystem, Germany accounts for approximately 6% of Europe’s blockchain financing.
The European country controls 22.8% of all Ethereum nodes, while the United States controls 45.3%. Given the importance of ideal decentralization, both nations operate more than half of the Ethereum ecosystem.
Even better, the figures have been rising since last year. In 2021, the percentage share of Ethereum validators in the United States was 36.92%, while Germany’s share was 21.16%.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu